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Break-Even Analysis The table below contains pricedemand and total cost data for the production of treadmills, where p is the wholesale price |[in dollars} of
Break-Even Analysis The table below contains pricedemand and total cost data for the production of treadmills, where p is the wholesale price |[in dollars} of a treadmill for an annual demand of a: treadmills, and C is the total cost [in dollars] of producing :1: treadmills. . .,... Use this data to nd a linear regression equation for pricedemand data, using a? as the independent variable: p = {11: l b, where o. is rounded to 1 decimal place and b is rounded to the nearest integer. Use this data to nd a linear regression model for the cost data, using a? as the independent variable: 0(3) 2 on\": + d. where c is rounded to the nearest integer and d is rounded to the nearest 10,000. Use these models to answer the questions below. Question 11 4 pts Use your linear regression model for the cost data to estimate the xed costs. Round to the nearest $10,000. $ Question 12 4 pts Use your linear regression model for the cost data to estimate the variable cost per treadmill. Round to the nearest dollar. $ per treadmill produced Question 13 4 pts There are two break-even points. Find the smaller production level where the company breaks even. Round to the nearest treadmill. treadmills Question 14 4 pts There are two break-even points. Find the larger production level where the company breaks even. Round to the nearest treadmill. treadmills
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